Pyramid scheme is an illegal, fraudulent scheme in which a con artist convinces victims to invest by promising an extraordinary return but instead simply uses newly invested funds to pay off any investors who insist on terminating their investment.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). pyramid scheme. Retrieved September 22, 2026, from http://smartdefine.org/pyramid_scheme/definitions/1161573 |
| Chicago | Barry Goldsmith. 2010. "pyramid scheme" http://smartdefine.org/pyramid_scheme/definitions/1161573 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, pyramid scheme, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/pyramid_scheme/definitions/1161573>. |
| MLA | Barry Goldsmith. "pyramid scheme" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/pyramid_scheme/definitions/1161573> |